House of Fraser request Lloyd's raise game
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House of Fraser: asked Lloyds to consider swapping a loan of almost ?65m Fund property own photos: JUSTIN THOMAS
Private House of Fraser (HoF), supported by a group led by Sir Tom Hunter and collapsed retailer Icelandic Baugur in 2006, has asked Lloyds to consider swapping a loan of almost 65 m property ￡ equity.
If the British Bank, which is owned by the UK taxpayer 41pc accepts, it will eventually have a participation was significantly increased in the chain of stores.
It remains uncertain whether Lloyd's, who has inherited the initial stake through its acquisition of HBOS, at the height of the financial crisis - agree to the agreement, even if close source of he said "it's an inch.
of course completion.
Lloyd's already has a 5 5pc HoF.Autres game major shareholders include Landsbanki, the Icelandic Bank, which owns 33pc inherited from Baugur.
HoF has succeeded in reducing the debt of its company property by ￡ 10.property company had debts of ￡ 64 6 m in the year by the winding-up of a property distinct joint venture with Earth Britannique.Mais at the end of January.7 m, Board of the HoF want to throw in order to increase performance.
A spokesman for HoF has refused to comment.
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